HERSHA HOSPITALITY TRUST (NYSE:HT) Files An 8-K Submission of Matters to a Vote of Security Holders
Item 5.07.Submission of Matters to a Vote of Security Holders.
On June 1, 2017, the Company held its 2017 annual meeting of
shareholders (the Annual Meeting). There were 39,616,657 common
shares of the Company represented in person or by proxy at the
meeting, constituting approximately 94.78% of outstanding common
shares on March 31, 2017, the record date for the Annual Meeting.
The matters voted upon at the Annual Meeting and the final
results of such voting are set forth below:
Proposal 1: Election of Four Class II Trustees to the Companys
Board of Trustees
|
For |
Against |
Abstain |
Broker Non-Votes |
|
|
Hasu P. Shah |
34,371,826 |
1,633,260 |
25,236 |
3,586,335 |
|
Dianna F. Morgan |
34,657,232 |
1,347,963 |
25,127 |
3,586,335 |
|
John M. Sabin |
35,239,275 |
765,646 |
25,401 |
3,586,335 |
|
Jackson Hsieh |
34,118,032 |
1,886,689 |
25,601 |
3,586,335 |
All trustee nominees were duly elected.Each of the individuals
named in the table above will serve as a Class II trustee until
the 2019 annual meeting of shareholders and until his or her
successor is duly elected and qualified.
Proposal 2: Advisory Vote on Executive Compensation
|
For |
Against |
Abstain |
Broker Non-Votes |
|
35,221,712 |
740,872 |
67,738 |
3,586,335 |
The proposal was approved on an advisory basis.
Proposal 3: Advisory Vote on Frequency of Future Advisory
Shareholder Votes on Executive Compensation
|
1 Year |
2 Years |
3 Years |
Abstain |
Broker Non-Votes |
|
30,796,299 |
26,185 |
5,159,395 |
48,443 |
3,586,335 |
As disclosed above, 30,796,299 of the votes cast on Proposal No.
3 voted, on an advisory basis, to hold an advisory shareholder
vote on executive compensation every year.In view of these voting
results and in accordance with the Board of Trustees
recommendation, the Board of Trustees has determined that
advisory votes on executive compensation will be submitted to
shareholders every year until the next required advisory vote on
the frequency of shareholder votes on executive compensation.
Proposal 4: Ratification of the Appointment of KPMG LLP as the
Companys Independent Registered Public Accounting Firm for the
Fiscal Year Ending December 31, 2017
|
For |
Against |
Abstain |
Broker Non-Votes |
|
39,340,494 |
251,280 |
24,883 |
N/A |
The appointment was ratified.
2
About HERSHA HOSPITALITY TRUST (NYSE:HT)
Hersha Hospitality Trust is a real estate investment trust. The Company operates through investment in hotel properties segment. It invests in institutional grade hotels in urban gateway markets, including New York, Washington District of Columbia (DC), Boston, Philadelphia, South Florida and select markets on the West Coast. The Company owns its hotels and its investments in joint ventures through its operating partnership, Hersha Hospitality Limited Partnership, for which it serves as a general partner. Its portfolio consists of over 50 limited and full service properties with a total of over 7,220 rooms and interests in approximately five limited and full service properties owned through joint venture investments with a total of approximately 1,370 rooms. It leases its hotels to 44 New England Management Company (44 New England), its taxable REIT subsidiary (TRS). Its properties include Courtyard, The Boxer, Hawthorn Suites by Wyndham, Hyatt House, Hotel Milo and TownePlace Suites. HERSHA HOSPITALITY TRUST (NYSE:HT) Recent Trading Information
HERSHA HOSPITALITY TRUST (NYSE:HT) closed its last trading session up +0.37 at 18.98 with 261,831 shares trading hands.
